Foreign investors, including non-resident Bangladeshi citizens, have been again declared persona non grata in Bangladesh’s crumbling international telecoms business.The regulator has invited public consultation and clause 6.01 of the proposed IGW, ICX and IIG licensing guidelines explicitly forbids any form of offshore investment.
The nine-month old political government is keen to build “Digital Bangladesh.” But its regulator is following the immediate past military regime’s roadmap to improve the illegal bypass accounts’ digits. The military rulers could deliberately misadventure at gunpoint. The elected government, however, lacks that luxury. Possibly it’s time for some lawyers to get rich.